New shipping route set up to facilitate trade between Iran, Venezuela

By Al Mayadeen English
Source: Agencies
3 Mar 22:48

The first ever cargo shipment to Venezuela was made in November 2022 with the Goslan ship.

IRISL commercial ship (IRNA)

Iran's embassy in Caracas, Venezuela, announced on Friday that a direct shipping route has been established between Iran and Venezuela.

ضمن تشکر از مدیران محترم شرکت کشتیرانی ج.ا.ایران، به اطلاع می رساند خط مستقیم کشتیرانی بین ایران-ونزوئلا با هدف حمایت و پشتیبانی از تجار و بازرگانان 🇮🇷و 🇻🇪 برقرار گردیده است. اولین کشتی در بهمن ماه ۱۴۰۱ حرکت کرده و متعاقبا هر ۳ ماه یک کشتی به ونزوئلا اعزام خواهد شد. pic.twitter.com/No6knpXnhQ
— Embajada de la R.I. de Irán en Venezuela (@Eiranencaracas) March 3, 2023

According to the Tweet where the announcement was made, a ship is set to depart every three months.

The purpose of the route is to advance bilateral trade and merchant relations.

The first ship reportedly departed Iran to Venezuela in Bahman 1401 (January/February 2023).

In November 2022, the Iranian Chamber of Commerce, Industries, Mines and Agriculture reported that the Islamic Republic of Iran Shipping Line (IRISL) group had launched the shipping route, noting that continued use would depend on the responses from business people from both sides.

The first-ever cargo shipment to Venezuela was made in November 2022 with the Goslan ship.

On November 13, 2022, the two countries signed a 20-year development roadmap to strengthen bilateral ties in the face of Western-led sanctions, to which both countries are subjected.